https://www.taxtmi.com/caselaws?id=122203 Misdeclaration of imported goods as to description and value justified rejection of the declared transaction value and redetermination under customs valuation rules. Evidence of revised purchase documents, omission of the X-ray tube from final paperwork, and inclusion of additional items supported the finding that the consignment was not fully and correctly declared. In assessing importer identity, the substance of the high seas sale arrangement and the actual-user restriction for second-hand capital goods showed that Wipro GE was the real importer rather than BHCS/RKDS. Confiscation and redemption fine were sustained; penalties on BHCS/RKDS were set aside and the penalty on Wipro GE was reduced. en-us Wed, 17 Jan 2007 00:00:00 +0530 Thu, 09 Aug 2012 13:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122203 Misdeclaration of imported goods as to description and value justified rejection of the declared transaction value and redetermination under customs valuation rules. Evidence of revised purchase documents, omission of the X-ray tube from final paperwork, and inclusion of additional items supported the finding that the consignment was not fully and correctly declared. In assessing importer identity, the substance of the high seas sale arrangement and the actual-user restriction for second-hand capital goods showed that Wipro GE was the real importer rather than BHCS/RKDS. Confiscation and redemption fine were sustained; penalties on BHCS/RKDS were set aside and the penalty on Wipro GE was reduced. Case-Laws Customs Wed, 17 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122203